Bulgarian economy to slow down in 2008-2009, IMF says
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Tue, 08 Apr 2008 13:55:05 GMT |
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Sofia - Bulgaria's robust economic growth will slow down slightly in 2008 and more in 2009, the International Monetary Fund (IMF) said Tuesday in Sofia. The growth rate would drop from 6.2 per cent in 2007 to 5.5 per cent this year and 4.75 per cent in 2009, the IMF mission chief to Bulgaria, Albert Jaeger, told a press conference. Bulgaria would however have to remain alert because there is a threat of a much more pronounced slowdown, Jaeger said. The dent, spurred by global trends such as rising energy prices, would however also allow the Bulgarian economy to cool down. The country, which joined EU last year, would record inflation of 7.5 and 5 per cent in 2008 and 2009, respectively, lower than the 12.5 per cent in 2007.
Copyright DPA
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